The Grib Diamond Mine: Geology, Ecology and Industrial Safety

Gennady Piven, First Deputy General Manager of AGD Diamonds JSC, talks about his work at the diamond fields in Yakutia and in the Arkhangelsk Province.

10 december 2018

I have a dream to see India become a world leader in high-end jewellery manufacturing - Sanjay Kothari

An industry leader who needs no introduction to the gem and jewellery industry is Sanjay Kothari…the former chairman of the GJEPC of India has held various positions in the Council including being Convener-Exhibitions for many years before becoming Convener-Promotions...

03 december 2018

Style always reflects culture

Reena Ahluwalia is a multifaceted artist …an award-winning jewelry designer, diamond painter, professor, speaker and a community builder and more. Recognized as one of the Top Masters of Jewelry Design and art in Canada, she has been creating jewelry...

26 november 2018

Botswana Diamonds’ Campbell on Alrosa exit: no exploration JV lasts forever

Botswana Diamonds is currently in talks with a major diamond producer interested in taking over a stake in Sunland Minerals previously owned by Alrosa. The Sunland joint venture was established in 2014 to test existing Alrosa exploration technology on...

19 november 2018

If real gems are replaced by artificial stones, it is not the difference in value that sellers may cheat you out, but the very idea that you are to obtain along with a jewelry piece made from a genuine stone

Elena Titova is the Director of the All-Russian Decorative Art Museum. The museum, which she heads, was founded fairly recently (less than 40 years ago), but it is one of the most popular and stylish museums of Moscow, famous, among other things...

12 november 2018

S&P raises ALROSA’s credit rating to ВВВ-, outlook is stable

31 july 2018
ALROSA, the world’s leader in diamond mining, reports raising of its long-term credit rating by S&P Global Ratings international rating agency to BBВ-, the outlook is stable.
The agency notes positive trends in the diamond market, ALROSA’s strong profitability, solid global market share, improved financial stability, and strongly positive free operating cash flow (FOCF) generation by the Company and development of its key business.
“We are happy that the agency highly rated our work that allows demonstrating strong profitability. Low leverage and cost control allow the Company to ensure positive cash flow for the development of its key business, financial stability and dividend payout to shareholders. To maintain comfortable leverage level, we are planning to keep debt to EBITDA between 0.5х and 1.0х,” says ALROSA Deputy CEO Alexey Philippovskiy.